Can I retire at age 54 with 1,950,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$161,029$159,595$158,195$156,829$155,496$150,942
2 years$79,717$78,233$76,794$75,399$74,046$69,494
3 years$52,617$51,126$49,691$48,309$46,978$42,572
4 years$39,070$37,583$36,162$34,804$33,505$29,278
5 years$30,943$29,466$28,063$26,733$25,470$21,434
6 years$25,527$24,061$22,679$21,378$20,153$16,312
7 years$21,660$20,206$18,847$17,576$16,390$12,743
8 years$18,761$17,320$15,983$14,744$13,597$10,142
9 years$16,508$15,081$13,767$12,559$11,451$8,185
10 years$14,706$13,293$12,002$10,826$9,757$6,675
11 years$13,233$11,834$10,566$9,422$8,391$5,488
12 years$12,006$10,621$9,377$8,264$7,271$4,542
13 years$10,969$9,599$8,378$7,296$6,341$3,778
14 years$10,081$8,725$7,528$6,477$5,558$3,156
15 years$9,312$7,970$6,797$5,776$4,894$2,646
16 years$8,639$7,313$6,162$5,172$4,325$2,224
17 years$8,047$6,735$5,607$4,647$3,835$1,874
18 years$7,520$6,223$5,119$4,188$3,410$1,582
19 years$7,050$5,768$4,686$3,784$3,039$1,338
20 years$6,627$5,359$4,300$3,427$2,715$1,133
21 years$6,245$4,992$3,956$3,110$2,430$961
22 years$5,899$4,660$3,646$2,828$2,178$815
23 years$5,583$4,358$3,366$2,575$1,955$693
24 years$5,293$4,084$3,113$2,349$1,757$589
25 years$5,027$3,832$2,883$2,145$1,581$501
26 years$4,782$3,602$2,674$1,961$1,424$426
27 years$4,556$3,390$2,483$1,795$1,284$363
28 years$4,346$3,194$2,308$1,645$1,159$309
29 years$4,151$3,013$2,148$1,508$1,046$263
30 years$3,969$2,846$2,001$1,384$945$224
31 years$3,800$2,690$1,865$1,271$855$191
32 years$3,641$2,545$1,741$1,169$773$163
33 years$3,492$2,410$1,625$1,075$700$139
34 years$3,352$2,285$1,518$989$633$118
35 years$3,221$2,167$1,420$910$574$101
36 years$3,097$2,057$1,328$838$520$86
37 years$2,980$1,953$1,243$772$471$73
38 years$2,870$1,856$1,164$712$427$63
39 years$2,765$1,765$1,091$656$387$53
40 years$2,666$1,679$1,022$605$351$45
41 years$2,572$1,599$958$559$319$39
42 years$2,483$1,523$899$515$289$33
43 years$2,398$1,451$844$476$262$28
44 years$2,317$1,383$792$439$238$24
45 years$2,240$1,319$744$406$216$21
46 years$2,166$1,258$698$375$196$18
47 years$2,096$1,200$656$346$178$15
48 years$2,029$1,146$617$320$162$13
49 years$1,965$1,094$580$296$147$11
50 years$1,904$1,045$545$273$134$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $1,950,000, adding $5,781 every year, while hoping to spend $58,455 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 84/11/5 Blend
53$1,950,000$1,950,000$1,950,000$1,950,000
54$2,154,863$2,051,513$2,021,288$2,335,335
55$2,312,463$2,089,842$2,026,806$2,492,252
56$2,484,180$2,128,089$2,030,549$2,655,994
57$2,671,391$2,166,190$2,032,396$2,833,971
58$2,875,612$2,204,073$2,032,221$3,027,570
59$3,098,514$2,241,662$2,029,890$3,238,323
60$3,341,934$2,278,875$2,025,263$3,467,912
61$3,607,895$2,315,624$2,018,194$3,718,195
62$3,898,625$2,351,813$2,008,527$3,991,212
63$4,216,574$2,387,342$1,996,102$4,289,215
64$4,564,444$2,422,100$1,980,751$4,614,681
65$4,945,206$2,455,972$1,962,295$4,970,340
66$5,362,134$2,488,832$1,940,549$5,359,198
67$5,818,834$2,520,547$1,915,319$5,784,567
68$6,319,274$2,550,973$1,886,402$6,250,095
69$6,867,827$2,579,958$1,853,583$6,759,800
70$7,469,308$2,607,338$1,816,641$7,318,110
71$8,129,020$2,632,941$1,775,342$7,929,902
72$8,852,806$2,656,580$1,729,441$8,600,550
73$9,647,098$2,678,058$1,678,683$9,335,973
74$10,518,984$2,697,165$1,622,801$10,142,695
75$11,476,270$2,713,676$1,561,515$11,027,902
76$12,527,557$2,727,354$1,494,533$11,999,512
77$13,682,317$2,737,944$1,421,549$13,066,250
78$14,950,987$2,745,176$1,342,244$14,237,728
79$16,345,063$2,748,765$1,256,285$15,524,539
80$17,877,211$2,748,406$1,163,321$16,938,355
81$19,561,383$2,743,775$1,062,990$18,492,035
82$21,412,953$2,734,529$954,909$20,199,752
83$23,448,857$2,720,304$838,681$22,077,119
84$25,687,755$2,700,713$713,891$24,141,346
85$28,150,204$2,675,346$580,104$26,411,392
86$30,858,855$2,643,768$436,868$28,908,151
87$33,838,665$2,605,519$283,710$31,654,649
88$37,117,129$2,560,110$120,135$34,676,256
89$40,724,545$2,507,024$0$38,000,931
90$44,694,294$2,445,714$0$41,662,388
91$49,063,156$2,375,598$0$45,698,704
92$53,871,659$2,296,063$0$50,140,907
93$59,164,457$2,206,458$0$55,030,258
94$64,990,753$2,106,097$0$60,412,225
95$71,404,765$1,994,251$0$66,336,911
96$78,466,232$1,870,150$0$72,859,528
97$86,240,981$1,732,981$0$80,040,917
98$94,801,548$1,581,883$0$87,948,123
99$104,227,858$1,415,948$0$96,655,028
100$114,607,982$1,234,212$0$106,243,046